British asset manager abrdn is reportedly selling a stake in Indian insurer HDFC Life.
abrdn will sell a 2 percent stake in HDFC Life Insurance Company via a block trade, according to a «Reuters» report citing related documents.
The offer is priced at 564.1-578.55 rupees ($7.11-$7.29) per share and at the lower end of the range, the sale would be valued at $305 million.
According to exchange data, abrdn holds a 3.7 percent stake in HDFC Life.
